• Hospitality failure rate drops

The failure rate for hospitality businesses in the UK fell in July, according to the latest Insolvency Index from Experian.

July saw the financial strength of businesses in the leisure and hotel industry rise from 77.95 in July 2009 to 78.97, the biggest improvement of any sector. Max Firth, managing principal of PH, an Experian company, said: "July’s data indicates that the SME population is fairing much better in terms of insolvencies than it did this time last year."

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